Allianz Life Insurance Company of North America

About Allianz Life Insurance Company of North America

There's more to Allianz Life than life. The subsidiaries and affiliates of Allianz Life Insurance Company of North America (Allianz Life) offer a range of insurance, investment, and savings products to individuals throughout the US. Allianz Life boasts a network of more than 100,000 independent agents and financial planners that sell such products as life insurance, variable and fixed life annuity products, and long-term care insurance. It offers mutual funds and other broker-dealer services through its Questar Capital affiliate. Allianz Life operates in New York through its Allianz Life Insurance Company of New York unit. Allianz Life became a subsidiary of Allianz SE in 1979.

Operations

Allianz Life, which maintains a vast products portfolio and stable of trusted financial professionals, boasts more than 2.6 million contracts issued.

Geographic Reach

Allianz Life is a market leader in fixed annuities sales through independent agents in the US. The company, which is headquartered in Minneapolis, Minnesota, sells insurance and annuities in all states.

Sales and Marketing

The company is looking to boost its distribution of variable annuity products through new alliances with major and regional banks. Allianz Life also seeks to cater to the fairer sex by tailoring financial and investment products to women.

Strategy

Allianz Life works to regularly roll out new products to better serve its clients across several channels and markets. In 2014 it launched the Essential Income 7 Annuity on the Wells Fargo enhanced Index Annuity Platform. Its Allianz Life Pro+ Survivor Fixed Index Universal Life Insurance Policy was made available, as well, in 43 states.

To serve the broker/dealer channel, Allianz Life in 2013 launched the Allianz Core Income 7 Annuity with its Core Income Benefit rider.

The company has big plans to take advantage of the nation's aging population. In anticipation of unprecedented numbers of retiring workers looking for investment options, Allianz Life commissioned a study to highlight what it expects will be the largest intergenerational wealth transfer in history (and an opportune time to market retirement products) as workers retire or begin handing over investments to the next generation.